LOS ANGELES, CA and OAKBROOK TERRACE, IL--(Marketwire - Jan 22, 2013) - CapLinked, the cloud-based platform that makes business transactions simple and secure, announced today it is partnering with Quipa, a software company delivering a new and revolutionary approach to secure network connectivity, to deliver a military-grade security alternative for organizations conducting sensitive business and financial transactions in the cloud. As a result of the partnership, CapLinked will offer its enterprise customers the option to leverage Quipa's innovative data-in-transit security technology for transferring files in and out of the cloud.
Using a patented approach that's more agile and secure than traditional VPN technologies, Quipa's QuipaLoop software segments a network into "loops" of trusted devices. Unlike a physical network, the loop is a non-addressable virtual overlay that is secured by self-authenticating, trusted devices. QuipaLoop can operate across one or many physical networks and is easily deployed on mobile devices as well as traditional laptop or desktop computers. QuipaLoop eliminates the security weaknesses that result from spoof-able certificate authorities common to SSL VPN, and it avoids reliance on third parties for trust assurance.
"At CapLinked, we are continually seeking cutting edge technologies that offer improved alternatives for security without impacting our product's ease-of-use," said CapLinked CEO Eric M. Jackson. "QuipaLoop offers a defense-grade alternative to securing data-in-transit across public networks that does not involve a third party and is not dependent on the browser type. This allows CapLinked to offer its customers a security option that's both state-of-the-art and unobtrusive."
CapLinked's online platform helps companies manage and close complex business transactions such as asset sales, financings, and mergers & acquisitions. CapLinked enables customers to close deals faster, exchange files securely, and manage more deals at any given time. The Wall Street Journal called CapLinked "the go-to place for setting up and closing deals," and Inc. Magazine named CapLinked to its list of "5 Back-Office Tech Innovations." The company recently announced that it had secured Series A financing from FF Angel, Siemer Ventures, 500 Startups, and Peter Thiel (the co-founder of PayPal), among others.
"Partnering with CapLinked allows us to offer a new security solution to organizations that need agility when working collaboratively with outside parties on business transactions," said Shannon Roy, VP Enterprise Services of Quipa US. "CapLinked's intuitive software makes it easy to control access when you're collaborating on a sensitive business transaction. When you couple that with Quipa's robust data-in-transit protection, you have the world's best end-to-end solution for securely managing deals."
In addition to offering CapLinked's enterprise customers a new security option for their data-in-transit, Quipa will offer its existing QuipaLoop customers the opportunity to leverage CapLinked to manage their business transactions.
CapLinked makes it faster, safer, and easier to manage business transactions in the cloud. CapLinked's secure platform provides companies with easy-to-use tools for mergers & acquisitions, capital raises, asset sales, investor & board reporting, business development negotiations, and other types of complex business transactions. The company was founded in 2010 by Eric M. Jackson (PayPal's first head of US marketing) and Christopher Grey (former private equity and investment banking executive). CapLinked is based in Los Angeles. The company's investors include Peter Thiel (co-founder of PayPal), FF Angel, Siemer Ventures, 500 Startups, Hercules Technology Growth Capital, Joe Lonsdale (founder of Palantir Technologies), David Sacks (CEO of Yammer), 7th Rig, and Wasabi Ventures. For more information, visit https://secure.caplinked.com.
About Quipa US LLC
At Quipa, our goal is to help our customers protect their information and their reputations, yet still meet the evolving challenges of connectivity and information-sharing in today's increasing virtual and mobile workplace. Founded in 2008 by executives with over 50 years of combined experience in the telco and security spaces, our software solutions are designed to help companies, government agencies, and Cloud service providers shape their online connections with a higher level of security and flexibility, enabling an agile, any-device-anywhere working environment, without loss of compliance or control. For more information, visit www.quipa.net.